ECHIP Health Plan Termination and Reserve Requirement
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Description
The Town and Coventry BOE will terminate their ECHIP health insurance plan on June 30, 2026, with a mandated $1,172,754 reserve for run-out medical claims through the end of the year. Final settlement will be determined once all claims are processed by December 31, 2026.
Contract Details
Contract Amount
$1,172,754 reserve for run-out claims
Vendor
ECHIP
Agency
Town of Coventry, CT
Contract Type
INSURANCE
Document Date
June 8, 2026
Contract Term
through December 31, 2026 (run-out period)
Renewal Date
2026-12-31
Renewal Info
Contract ends June 30, 2026; reserve required through December 31, 2026. Final reconciliations determine if unused reserve is returned or additional contributions are necessary.
More from ECHIP
More from Town of Coventry
Town of Coventry Agenda Packet 2026-06-08
Town of Coventry Agenda Packet 2026-06-08
Town of Coventry Agenda Packet 2026-06-08
Town of Coventry Agenda Packet 2026-06-08
Town of Coventry Agenda Packet 2026-06-08
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